The Complete Guide to Real Estate Finance for Investment Properties: How to Analyze Any Single-Family, Multifamily, or Commercial Property Hardcover – Illustrated, Sept. 6 2004
From the Inside Flap
- Proven, effective valuation techniques
- Finance tips for all different kinds of property
- How various financing strategies affect investments
- Structuring financial instruments, including leverage, debt, equity, and partnerships
- Measurements and ratios for investment performance, including capitalization rates and gross rent multiplier ratios
- Future and present value analysis
- How the appraisal process works
- Primary appraisal methodsreplacement cost, sales comparison, and income capitalizationand how to know which one to use
- How to understand financial statements, including income, balance, and cash flow
- Case studies for single-family rentals, multifamily conversions, apartment complexes, and commercial office space
- A detailed glossary of important real estate terminology
From the Back Cover
For novice investors and old hands alike, The Complete Guide to Real Estate Finance for Investment Properties focuses on the fundamentals of financial analysis and the key principles in property valuation as they apply to real estate investing. This practical guide provides all the tools and tactics investors need to accurately gauge both the present and future value of properties.
Whether theyre buying or selling, investors must base their decisions on the fundamental principles of real estate finance. Failing to do so will definitely mean failing to make a profit. This handy guide doesnt offer long-winded theories on finance or quick schemes for making a bundle in real estate, but proven real-world knowledge every investor needs to feel secure that theyve made a wise investment.
This is not another real estate book about how to creatively finance a purchase or get a nothing-down deal. Instead, author Steve Berges explains the basic theories of real estate finance, simplifies them for the average investor, and demonstrates how to use them in real-world situations. Using case studies and examples to illustrate these principles, Berges shows investors how to use traditional property valuation methodologies and how to understand such concepts as cash flow, rate of return, and return on investment. Investors will find everything they need to know about financial statements and schedules, investment performance measurements, the structure of financial instruments, and valuation techniques for any kind of property.
Real estate is only a smart investment if youre a smart investor. In this book, Steve Berges walks readers step by step through all the financial analysis techniques needed to get the most out of their real estate investments.
No Kindle device required. Download one of the Free Kindle apps to start reading Kindle books on your smartphone, tablet, and computer.
To get the free app, enter your mobile phone number.
- Publisher : Wiley; 1st edition (Sept. 6 2004)
- Language : English
- Hardcover : 288 pages
- ISBN-10 : 0471647128
- ISBN-13 : 978-0471647126
- Item weight : 574 g
- Dimensions : 15.75 x 2.54 x 23.11 cm
- Best Sellers Rank: #354,431 in Books (See Top 100 in Books)
- Customer Reviews:
Top reviews from Canada
There was a problem filtering reviews right now. Please try again later.
Top reviews from other countries
If anyone knows where those can be found, will appreciate it immensely. I don't want to have to punch in those figures manually.
Besides this, the book is a must have for Real estate investment newbies such as myself.
I've learned tons from it.
This teaching is akin to describing how the planets orbit the sun based on the theory of electromagnetics, or how a hybrid car runs so efficiently because a little gnome is in the engine turning a handcrank! A complete lack of conceptual understanding.
The author also goes on to define "single-family housing" as having 4 or fewer units and "multi-family housing" as having 5 or more units - a definition that is cumbersome at best and downright knuckleheaded at worst. This distinction is important, but it is the distinction between residential (single, duplex, triplex, or quadraplex) housing and commercial (multifamily) housing.
Other organization of the book is just poor. For example, in discussing useful financial ratio, the author introduces ratios using the net operating income (NOI) before actually defining the NOI a few pages later. (I won't get into the fact that NOI is introduced as another "ratio", although it's not; it's a dollar value off of the income sheet.)